Benami transaction act

No, provided purchased in own name.

if purchased of property through gift received from relatives is covered under benami act?

No, provided the gifted property was not 'benami' earlier.......

sir it is necessary to make loan agreement in case of loan received from relatives through banking channel...

sir it is necessary to make loan agreement in case of loan received from relatives through banking channel...

Department requires loan confirmation, be it loan agreement or just confirmation letter.